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helpmeplease1 helpmeplease1
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A year ago
Mary Lee

Mary Lee owned 500 shares of Dugan Company's convertible preferred stock at $20 par value. She converted each share of preferred stock into four shares of common stock.


Refer to Mary Lee. If the convertible preferred stock paid 9% annually and the common stock pays $1.00 a share this year, how much more dividend will Mary Lee receive this year because of her conversion?
Textbook 
Contemporary Business Mathematics for Colleges

Contemporary Business Mathematics for Colleges


Edition: 16th
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channy40channy40
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A year ago
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